Harley-Davidson (NYSE: HOG) reported Q2 EPS of $1.44, $0.05 better than the analyst estimate of $1.39. Revenue for the quarter came in at $1.65 billion versus the consensus estimate of $1.67 billion.

Dealer new motorcycle sales were down 1.4 percent worldwide for the second quarter compared to the year-ago period, but gained momentum as the quarter progressed.

Guidance

Harley-Davidson continues to expect to ship 276,000 to 281,000 motorcycles to dealers and distributors worldwide in 2015, an approximate 2 percent to 4 percent increase from 2014. In the third quarter, the company expects to ship 54,000 to 59,000 motorcycles compared to 50,670 motorcycles shipped in the year-ago period. The company continues to expect full-year 2015 operating margin of approximately 18 percent to 19 percent for the motorcycles segment. The company also continues to expect 2015 capital expenditures for Harley-Davidson, Inc. of $240 million to $260 million.

As previously announced, the company anticipates closing on its transaction with its Canadian distributor on or about August 4, 2015, at which time the company will obtain the exclusive right to distribute the company's products in Canada. The above guidance does not include the impact of the anticipated transaction, but as previously indicated, the company expects the financial impact of the pending transition to be dilutive to 2015 earnings per share by approximately $0.04, due to upfront transition costs.

For earnings history and earnings-related data on Harley-Davidson (HOG) click here.